GOLD is the﻿ money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, January 28, 2013

Gold sinks as traders unwind options contracts

Gold prices slipped to start the week, pressured lower by traders who made bets the precious metal would fall.

Gold for February delivery fell $3.70 to settle Monday at $1,652.90
an ounce. Gold prices have dropped 1.3 percent so far this year.

Options on the New York Mercantile Exchange’s Comex exchange expire
Monday. Many of the traders who had previously placed bets that gold
would fall through options contracts known as ‘‘puts’’ are closing out
those bets and taking their winnings off the table. That can knock
prices lower.

1 comment:

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